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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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South Africa unexpectedly holds rates as it flags growth risks

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The South African Reserve Bank defied expectations and held interest rates steady to support economic growth after revising its inflation forecasts lower, while warning that the renewed conflict in the Middle East could justify more tightening. The six-member monetary policy committee maintained the benchmark policy rate at 7%, Governor Lesetja Kganyago told reporters in Pretoria on Thursday. Only three of 20 economists surveyed by Bloomberg had expected a hold. The rest predicted a 25 basis point increase.

BLSA warns of ‘reform drift’ as index points to loss of momentum

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Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso has warned of “reform drift” after the latest BLSA Reform Tracker showed that quarter-on-quarter momentum had turned negative for the first time since it started tracking South Africa’s reform agenda. Developed and managed by research consultancy Krutham for BLSA, the index monitors 247 reform deliverables across economic, criminal justice and governance categories.

Chery’s entry-level EV to make its local debut in September

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Chery South Africa (SA) says it will introduce the fully electric Chery Q at the beginning of September, with pricing starting at R350 000. “The Q has been developed to make electric driving a realistic option for more South Africans,” says Chery SA national marketing and communications manager Verene Petersen.

City of Johannesburg Council refers for investigation 13 alleged financial misconduct amounting ...

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The City of Johannesburg (CoJ) Council has referred 13 alleged acts of financial misconduct, with a combined value of about R4.07-billion, to its independent Disciplinary Board for preliminary investigations. The matters relate to allegations of unauthorised, irregular and fruitless and wasteful expenditure arising from alleged non-compliance with the Municipal Finance Management Act (MFMA), supply chain management legislation and other applicable legislative and regulatory requirements across various municipal departments and functions.
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